Primarily my personal trading journal and thoughts/analysis on the financial markets (forex, futures, precious metals, inflation, stocks, economy, computerized trading strategies). I am not a registered investment adviser, and do not offer buy and sell recommendations of any given securities or asset classes. Please read disclaimer below at bottom of left panel.

Thursday, November 17, 2011

Nov. 17 (Bloomberg) -- Marcus Grubb, managing director of investment
research at the World Gold Council, talks about the outlook for gold
after demand rose 6 percent in the third quarter from a year earlier. He
speaks with Owen Thomas on Bloomberg Television's "Countdown." (Source:
Bloomberg)

Wednesday, November 16, 2011

If it can happen to financial and geopolitical trends expert Gerald Celente who has been trading gold (taking physical delivery of futures contracts) since 1978 it can happen to you. Here is what happened. Mr. Celente was trading gold futures in order to take physical delivery on the December contract from his Lind-Waldock account. He did not realize Lind-Waldock had been bought out by the now bankrupt MF Global, headed by ex-New Jersey governor and Goldman Sachs CEO Jon Corzine, until Corzine resigned due to the scandal. MF Global was taken down by bad bets it made in Eurozone investments. The Eurozone is crumbling. Gerald Celente can not get his money (six figures) now. 150,000 people are in a similar situation per Celente. This highlights bankster fraud/theft and the danger of trading in paper derivatives. MF Global was supposed to segregate customer accounts from their own trading accounts which apparently they did not do.

Thursday, November 3, 2011

Italian inventor Andrea Rossi continues with commercialization of
his e-Cat (energy catalyzer). In addition to the 1MW plant he tested
and reportedly sold to an unnamed customer, he also reports already
having sold two or more additional units. He reports that these were to
customers in the USA and Europe. While he states that the new
customers are not requesting the same level of secrecy, a certain amount
of discretion will still be exercised, adding that eventually the
identity of his customers will inevitably become apparent. Mr. Rossi
reports having production facilities in Bedford, NH and Miami, FL, and
plans for the next year are to sell from 30 to 100 1MW cold fusion
plants, at a cost of 2 million Euros or 2.8 million U.S. Dollars. This
information can be found on Mr. Rossi’s blog, Journal of Nuclear Physics.

While the Associated Press was present at the October 28th test of
Mr., Rossi’s 1 MW cold fusion plant, they have yet to run a story
covering the event. Whether they are exercising prudence or something
less noble remains to be seen. AP reporter Peter Svensson, who was
present at the test, has tweeted several times on the subject in
response to inquiries about the event. On Monday, October 31, Mr.
Svensson tweeted
“Sorry, I can’t tell you anything at this point.” Later that day he
tweeted again, stating “Sorry, we don’t comment on coverage plans.”
These rather cryptic tweets were followed yesterday by “All I can say is
“stay tuned.” For whatever reason the AP continues to keep this story
under wraps, in the end it may be inconsequential. Other news outlets
have begun to report on the story, from Fox News, CNN, Forbes and Discovery News, to popular publications in such places as Sweden, Russia and Italy. Perhaps the most balanced story I have seen on the subject so far was posted on the site of a U.S. Daily newspaper Falls Church News Press
of Falls Church, Virginia, which is about 10 miles outside of
Washington, D.C. I would strongly urge all readers to take a look at
this article.

Disclaimer

The author of this blog is not a registered investment adviser. This blog is for the purpose of informational or entertainment/educational purposes only. Anything written within this blog is merely the author's personal opinion about the financial markets (or otherwise) and should not be misconstrued as a recommendation to buy or sell any given security(s) or assets of any class. The author makes no explicit or implicit warranty or guarantees concerning the effectiveness or quality of merchant products advertised herein. Therefore, any investment, trading or mercantile decisions that result in gains or losses based on any of the information or advertisements contained within this site is not the responsibility of the author.